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Nonprofiteer
← UT MEDICAL GROUP INC

Form 990 for tax year 2022

Filed by UT MEDICAL GROUP INC.

Totals

Total revenue
$85,555,164
Total expenses
$87,680,850
Contributions and grants received
$0
Grants paid
$673,431
Program service revenue
$68,355,060
Investment income
$1,391,710
Other revenue
$15,808,394
Total assets, end of year
$47,663,795
Total liabilities, end of year
$25,205,687
Net assets or fund balances, end of year
$22,458,108
Program services expenses (Part IX)
$74,000,209
Management and general expenses
$13,680,641
Fundraising expenses
$0
Program service expenses (Part III)
$74,000,209

Program services were 84.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: NET PATIENT CHARGES

    total $44,653,034 · related or exempt $44,653,034

  • 2b · Program service revenue: CONTRACT REVENUE

    total $21,006,127 · related or exempt $21,006,127

  • 2c · Program service revenue: MEDICAL DIRECTOR REVEN

    total $2,098,681 · related or exempt $2,098,681

  • 2d · Program service revenue: MANAGEMENT FEE INCOME

    total $597,218 · related or exempt $597,218

  • 3 · Investment income

    total $3,639 · excluded $3,639

  • 6a · Gross rents

    real property $1,299,496

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,299,496

  • 6d · Net rental income or loss

    total $1,299,496 · excluded $1,299,496

  • 7a · Gross sales of assets other than inventory

    securities $1,378,985 · other assets $9,086

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $1,378,985 · other assets $9,086

  • 7d · Net gain or loss

    total $1,388,071 · excluded $1,388,071

  • 11a · Other revenue: PFI CONTRACT

    total $9,146,404 · excluded $9,146,404

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $5,362,494 · excluded $5,362,494

  • 11e · Other revenue, total

    $14,508,898

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $673,431 · program services $673,431

  • 5 · Compensation of officers, directors and key employees

    total $2,969,581 · management and general $2,969,581

  • 7 · Other salaries and wages

    total $48,277,440 · program services $44,827,335 · management and general $3,450,105

  • 8 · Pension plan contributions

    total $992,768 · program services $992,768

  • 9 · Other employee benefits

    total $2,270,534 · program services $1,986,105 · management and general $284,429

  • 10 · Payroll taxes

    total $2,697,388 · program services $2,359,488 · management and general $337,900

  • 11b · Fees: legal

    total $362,764 · program services $74,488 · management and general $288,276

  • 11c · Fees: accounting

    total $111,401 · program services $22,875 · management and general $88,526

  • 11g · Fees: other

    total $10,734,650 · program services $9,376,465 · management and general $1,358,185

  • 12 · Advertising and promotion

    total $75,024 · program services $48,781 · management and general $26,243

  • 13 · Office expenses

    total $1,664,903 · program services $1,042,127 · management and general $622,776

  • 16 · Occupancy

    total $2,615,252 · program services $1,842,760 · management and general $772,492

  • 17 · Travel

    total $138,783 · program services $116,279 · management and general $22,504

  • 19 · Conferences, conventions and meetings

    total $327,042 · program services $200,022 · management and general $127,020

  • 20 · Interest

    total $352,975 · program services $612 · management and general $352,363

  • 22 · Depreciation, depletion and amortization

    total $1,483,717 · program services $807,108 · management and general $676,609

  • 23 · Insurance

    total $2,165,233 · program services $1,597,582 · management and general $567,651

  • 24a · Other expenses: DRUGS AND MEDICAL

    total $3,524,681 · program services $3,509,680 · management and general $15,001

  • 24b · Other expenses: BAD DEBT

    total $2,837,361 · program services $2,837,361

  • 24c · Other expenses: R & M

    total $2,395,059 · program services $682,044 · management and general $1,713,015

  • 24d · Other expenses: OVERHEAD

    total $990,355 · program services $990,355

  • 24e · All other expenses

    total $20,508 · program services $12,543 · management and general $7,965

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,322 · end of year $2,130

  • 2 · Savings and temporary cash investments

    beginning of year $12,931,204 · end of year $9,016,370

  • 4 · Accounts receivable

    beginning of year $8,424,478 · end of year $9,848,492

  • 7 · Other notes and loans receivable

    beginning of year $170,125 · end of year $127,192

  • 9 · Prepaid expenses and deferred charges

    beginning of year $854,956 · end of year $1,120,277

  • 10a · Land, buildings and equipment: cost or other basis

    $34,320,506

  • 10b · Land, buildings and equipment: accumulated depreciation

    $18,141,759

  • 10c · Land, buildings and equipment, net

    beginning of year $15,086,636 · end of year $16,178,747

  • 13 · Investments: program-related

    beginning of year $3,347,833 · end of year $2,593,788

  • 14 · Intangible assets

    beginning of year $529,129 · end of year $359,246

  • 15 · Other assets

    beginning of year $5,493,330 · end of year $8,417,553

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,486,228 · end of year $9,844,718

  • 19 · Deferred revenue

    beginning of year $813,547 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $12,246,920 · end of year $11,410,690

  • 25 · Other liabilities

    beginning of year $488,264 · end of year $3,950,279

  • 27 · Net assets without donor restrictions

    beginning of year $24,805,054 · end of year $22,458,108

Mission and programs · 2022

Mission

TO BE A SUCCESSFUL PHYSICIAN LED, PROFESSIONALLY MANAGED MEDICAL PRACTICE THAT BENEFITS OUR PATIENTS AND OUR COMMUNITY, WHILE SUPPORTING THE UT HEALTH SCIENCE CENTER'S MISSION THROUGH CLINICAL EXCELLENCE, FINANCIAL RESPONSIBILITY AND A CULTURE OF CARE AT EVERY TOUCH POINT.

  • THE MEDICAL SERVICES PROVIDED BY THE GROUP ARE AVAILABLE TO THE COMMUNITY AS A WHOLE WITHOUT REGARD TO ABILITY TO PAY. MEDICARE, MEDICAID, AND TENNCARE PATIENTS ARE ACCEPTED. THE GROUP HAS AN AGREEMENT WITH REGIONAL ONE, THE PUBLIC SAFETY NET HOSPITAL OF SHELBY COUNTY, TENNESSEE, THAT PROVIDES FOR THE DELIVERY OF PROFESSIONAL SERVICES TO INDIGENT PATIENTS, BOTH INPATIENT AND OUTPATIENT. IN ADDITION TO PATIENTS FROM SHELBY COUNTY, THE FACULTY PHYSICIANS AND OTHER PROFESSIONAL EMPLOYEES OF THE GROUP PROVIDE HEALTH CARE SERVICES TO OUT-OF-STATE RESIDENTS AND RESIDENTS OF FOREIGN COUNTRIES WHO HAVE LIMITED INCOMES. DURING THE PERIOD, APPROXIMATELY 33 PERCENT OF THE GROUP'S SERVICES WERE PROVIDED TO PATIENTS WITH TENNCARE, MEDICAID, ORNO INSURANCE COVERAGE. ANOTHER 26 PERCENT WERE PROVIDED TO MEDICARE PATIENTS.THE PROFESSIONAL EMPLOYEES OF THE GROUP ARE DEDICATED TO THE MEDICAL TRAINING AND EDUCATION OF HEALTH PROFESSIONALS IN CONJUNCTION WITH THE UTHSC COLLEGE OF MEDICINE. ALTHOUGH EDUCATIONAL ACTIVITIES ARE FUNDED PRIMARILY THROUGH THE UTHSC COLLEGE OF MEDICINE, THE GROUP MAKES SIGNIFICANT CONTRIBUTIONS TO THIS EFFORT WITH BOTH PERSONNEL AND FINANCIAL RESOURCES. DURING THE YEAR, FACULTY PHYSICIANS WERE INVOLVED IN THE EDUCATION OF PRIMARILY THE 3RD AND 4TH YEAR MEDICAL STUDENTS (300 OF THE 600 MEDICAL STUDENTS).ALSO IN CONJUNCTION WITH THE UTHSC COLLEGE OF MEDICINE, THE PROFESSIONAL EMPLOYEES OF THE GROUP ENGAGE IN PROGRAMS OF MEDICAL RESEARCH AND EDUCATION THAT PROMOTE THE LONG-TERM HEALTH AND WELFARE OF PATIENTS AND THE GENERAL PUBLIC. THE RESEARCH PROGRAMS FOCUS ONPREVENTION AND TREATMENT OF ILLNESSES AS WELL AS EFFECTS OF DRUGS AND MEDICATIONS ON A VARIETY OF DISEASES AND MEDICAL CONDITIONS. WHILE SERVING AS THE FACULTY PRACTICE PLAN OF THE UTHSC COLLEGE OF MEDICINE, THE LONG-TERM COMMITMENT OF THE GROUP IS TO CONTINUE TO PROVIDE MEDICALSERVICES TO ANY AND ALL PATIENTS AND TO PROMOTE GOOD HEALTH THROUGH RESEARCH AND EDUCATION.THE RANGE/TYPE OF SERVICES PROVIDED BY THE CLINICAL DEPARTMENTS INCLUDES PRIMARY CARE, SPECIALTY CONSULTATIONS, SUBSPECIALTY PROCEDURES AND DIAGNOSTIC EVALUATIONS, AND SURGICAL PROCEDURES. HEALTH CARE SERVICES ARE DELIVERED IN NUMEROUS HOSPITAL AND CLINIC SETTINGS, INCLUDING INPATIENT AND OUTPATIENT CARE AT THE REGIONAL MEDICAL CENTER AT MEMPHIS (REGIONAL ONE), LE BONHEUR CHILDREN'S HOSPITAL, MEMPHIS VA MEDICAL CENTER, METHODIST UNIVERSITY HOSPITAL, ST. JUDE CHILDREN'SRESEARCH HOSPITAL, ST. FRANCIS HOSPITAL, BAPTIST MEMORIAL HOSPITALS,AND OTHER LOCAL COMMUNITY HOSPITALS. THE GROUP'S FACULTY PHYSICIANS PROVIDE HEALTH CARE SERVICES TO PATIENTS OF THE CENTERS OF EXCELLENCE AT THE MED. THE CENTERS OF EXCELLENCE INCLUDE THE TRAUMA CENTER, BURN CENTER, WOUND CARE CENTER, NEWBORN CENTER, ADULT SPECIAL CARE, AND SICKLE CELL CENTER.

    Expenses $74,000,209 · Grants $673,431 · Revenue $68,355,060

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Canada

    CHIEF MEDICAL OFFICER

    Total calculated
    $646,509
    From this org
    $457,593
    From related orgs
    $136,837
    Other
    $52,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,279 + $136,837 related
    Bonus
    $126,208
    Other
    $1,106
    Deferred
    $12,200 + $27,600 related
    Nontaxable benefits
    $0 + $12,279 related
    Filer's total
    $469,793 + $176,716 related
  • Shannon Tacker

    PRESIDENT/CEO/TREASURER

    Total calculated
    $424,735
    From this org
    $386,383
    From related orgs
    $0
    Other
    $38,352
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $308,280
    Bonus
    $76,683
    Other
    $1,420
    Deferred
    $18,300
    Nontaxable benefits
    $20,052
    Filer's total
    $424,735
  • Muneeza Khan

    CHAIR OF UTHSC DEPT OF FAM

    Total calculated
    $550,188
    From this org
    $50,924
    From related orgs
    $456,661
    Other
    $42,603
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $2,400 + $456,661 related
    Bonus
    $48,524
    Other
    $0
    Deferred
    $1,528 + $18,816 related
    Nontaxable benefits
    $0 + $22,259 related
    Filer's total
    $52,452 + $497,736 related
  • Tejesh Patel

    CHAIR OF UTHSC DEPT OF DER

    Total calculated
    $817,402
    From this org
    $523,496
    From related orgs
    $243,584
    Other
    $50,322
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $466,550 + $243,584 related
    Bonus
    $56,366
    Other
    $580
    Deferred
    $12,200 + $18,900 related
    Nontaxable benefits
    $0 + $19,222 related
    Filer's total
    $535,696 + $281,706 related
  • Ajay Jayantilal Talati

    SECRETARY, CHAIR OF UTHSC

    Total calculated
    $521,562
    From this org
    $509,362
    From related orgs
    $0
    Other
    $12,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $311,093
    Bonus
    $196,403
    Other
    $1,866
    Deferred
    $12,200
    Nontaxable benefits
    $0
    Filer's total
    $521,562
  • Scott Strome

    CHAIRMAN OF THE BOARD

    Total calculated
    $1,047,221
    From this org
    $106,310
    From related orgs
    $850,550
    Other
    $90,361
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $105,000 + $850,550 related
    Bonus
    $189
    Other
    $1,121
    Deferred
    $0 + $67,832 related
    Nontaxable benefits
    $0 + $22,529 related
    Filer's total
    $106,310 + $940,911 related
  • Jon McCullers

    SR EXEC ASSOCIATE DEAN OF

    Total calculated
    $806,919
    From this org
    $0
    From related orgs
    $745,291
    Other
    $61,628
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $745,291 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $37,920 related
    Nontaxable benefits
    $0 + $23,708 related
    Filer's total
    $0 + $806,919 related
  • Kennard Brown

    EXEC VICE CHANCELLOR OF UT

    Total calculated
    $736,683
    From this org
    $0
    From related orgs
    $670,074
    Other
    $66,609
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $670,074 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $48,000 related
    Nontaxable benefits
    $0 + $18,609 related
    Filer's total
    $0 + $736,683 related
  • G Nicholas Verne

    CHAIR OF UTHSC DEPT OF MED

    Total calculated
    $502,414
    From this org
    $0
    From related orgs
    $434,692
    Other
    $67,722
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $434,692 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $62,352 related
    Nontaxable benefits
    $0 + $5,370 related
    Filer's total
    $0 + $502,414 related
  • Anthony Ferrara

    SR VICE CHANCELLOR OF FINA

    Total calculated
    $492,511
    From this org
    $0
    From related orgs
    $446,833
    Other
    $45,678
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $446,833 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,000 related
    Nontaxable benefits
    $0 + $18,678 related
    Filer's total
    $0 + $492,511 related
  • David Shibata

    CHAIR OF UTHSC DEPT OF SUR

    Total calculated
    $864,453
    From this org
    $0
    From related orgs
    $824,600
    Other
    $39,853
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $824,600 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,850 related
    Nontaxable benefits
    $0 + $24,003 related
    Filer's total
    $0 + $864,453 related
  • M Boyd Gillespie

    CHAIR OF UTHSC DEPT OF OTO

    Total calculated
    $725,833
    From this org
    $432,031
    From related orgs
    $221,095
    Other
    $72,707
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $425,005 + $221,095 related
    Bonus
    $5,600
    Other
    $1,426
    Deferred
    $12,200 + $38,064 related
    Nontaxable benefits
    $0 + $22,443 related
    Filer's total
    $444,231 + $281,602 related
  • Michael Jackson

    CFO

    Total calculated
    $281,801
    From this org
    $260,003
    From related orgs
    $0
    Other
    $21,798
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,008
    Bonus
    $36,575
    Other
    $1,420
    Deferred
    $10,546
    Nontaxable benefits
    $11,252
    Filer's total
    $281,801
  • Courtney K Love

    CHIEF ADMINISTRATIVE OFFIC

    Total calculated
    $262,699
    From this org
    $243,476
    From related orgs
    $0
    Other
    $19,223
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,001
    Bonus
    $29,037
    Other
    $438
    Deferred
    $8,952
    Nontaxable benefits
    $10,271
    Filer's total
    $262,699
  • Robert Wallace

    PHYSICIAN

    Total calculated
    $648,777
    From this org
    $567,418
    From related orgs
    $64,522
    Other
    $16,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $481,858 + $64,522 related
    Bonus
    $82,920
    Other
    $2,640
    Deferred
    $0 + $4,517 related
    Nontaxable benefits
    $0 + $12,320 related
    Filer's total
    $567,418 + $81,359 related
  • David Schwartz

    PHYSICIAN

    Total calculated
    $780,855
    From this org
    $518,455
    From related orgs
    $203,359
    Other
    $59,041
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $512,500 + $203,359 related
    Bonus
    $4,529
    Other
    $1,426
    Deferred
    $12,200 + $43,290 related
    Nontaxable benefits
    $0 + $3,551 related
    Filer's total
    $530,655 + $250,200 related
  • David W Peeler

    PHYSICIAN

    Total calculated
    $769,018
    From this org
    $756,818
    From related orgs
    $0
    Other
    $12,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $583,923
    Bonus
    $168,381
    Other
    $4,514
    Deferred
    $12,200
    Nontaxable benefits
    $0
    Filer's total
    $769,018
  • Sai Velamuri Venkata

    PHYSICIAN

    Total calculated
    $890,406
    From this org
    $780,493
    From related orgs
    $80,281
    Other
    $29,632
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $629,650 + $80,281 related
    Bonus
    $150,263
    Other
    $580
    Deferred
    $12,200 + $5,309 related
    Nontaxable benefits
    $0 + $12,123 related
    Filer's total
    $792,693 + $97,713 related
  • M Barry Randall

    PHYSICIAN

    Total calculated
    $905,238
    From this org
    $816,680
    From related orgs
    $30,396
    Other
    $58,162
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $646,000 + $30,396 related
    Bonus
    $167,508
    Other
    $3,172
    Deferred
    $12,200 + $24,528 related
    Nontaxable benefits
    $0 + $21,434 related
    Filer's total
    $828,880 + $76,358 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • UNIVERSITY OF TENNESSEE HEALTH SCIENCES CENTER

    $310,122

    SUPPORT FOR NEONATOLOGY AND DERMATOLOGY RESIDENCY PROGRAMS.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • UTMG VASCULAR ACCESS PHYSICIANS LLC

    VASCULAR ACCESS CENTER · TN · income $7,727,089 · assets $24,169,444

    Directly controlled by UT MEDICAL GROUP INC

  • UTMG NEPHROLOGY II LLC

    MEDICAL CARE · TN · income $0 · assets $197,357

    Directly controlled by UT MEDICAL GROUP INC

  • UTMG PATHOLOGY LLC

    MEDICAL CARE · TN · income $0 · assets $0

    Directly controlled by UT MEDICAL GROUP INC

  • UNIVERSITY PRACTICE MANAGEMENT

    PROVIDES BILLING & ADMIN SERVICES TO OTHER ACADEMIC MEDICAL PRACTICES · TN · income $0 · assets $0

    Directly controlled by UT MEDICAL GROUP INC

  • MSC GENERAL PARTNER LLC

    HOLDING COMPANY · TN · income $0 · assets $0

    Directly controlled by UT MEDICAL GROUP INC

  • MSC LIMITED PARTNER LLC

    HOLDING COMPANY · TN · income $0 · assets $0

    Directly controlled by UT MEDICAL GROUP INC

  • UT MOBILE STROKE UNIT LLC

    MEDICAL CARE · TN · income $0 · assets $0

    Directly controlled by UT MEDICAL GROUP INC

  • MSC PROPERTIES LLC

    REAL ESTATE · TN · income $0 · assets $0

    Directly controlled by UT MEDICAL GROUP INC

  • 1068 CRESTHAVEN LLC

    MEDICAL CARE · TN · income $0 · assets $0

    Directly controlled by UT MEDICAL GROUP INC

  • MSC MANAGEMENT LLC

    MANAGEMENT SERVICES · TN · income $0 · assets $0

    Directly controlled by UT MEDICAL GROUP INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • UTMG NEPHROLOGY LLC

    RELATED · MEDICAL CARE · TN · 80% owned · share of income -$91,507 · share of assets $918,577 · general or managing partner

    Directly controlled by UT MEDICAL GROUP INC

  • UTMG DERMATOPATHOLOGY LLC

    RELATED · MEDICAL CARE · TN · 67.33% owned · share of income $4,300,133 · share of assets $73,139,267 · general or managing partner

    Directly controlled by UT MEDICAL GROUP INC

  • MEMPHIS SURGERY CENTER LTD

    RELATED · MEDICAL CARE · TN · 78.41% owned · share of income $4,315,085 · share of assets $36,231,433 · general or managing partner

    Directly controlled by UT MEDICAL GROUP INC

Provenance

Return type
form_990
Tax year
2022
Filed
6 September 2023
IRS schema version
2022v5.0
Source object
202342499349300429

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